Written Question·Treasury·UIN 100324

Business Rates: Valuation

Tabled: 16 December 2025
Answered: 22 December 2025

Question

Sir Julian Smith

ConservativeSkipton and Ripon

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the revaluation of business rates on levels of employment in North Yorkshire.

Answer

Dan Tomlinson
The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years...

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